Wadhwani Operating Foundation
- Assets
- $0.0
- Revenue
- $165.8m
- Investments
- $399.5m
- Employees
- 0
- Location
- Los Altos, CA
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 38-3840804
Organization Overview
Wadhwani Operating Foundation is located in Los Altos, CA. The organization was established in 2013. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wadhwani Operating Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Wadhwani Operating Foundation generated $165.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $15.4m during the year ending 12/2021. While expenses have increased by 3.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GTI: THE GLOBAL TRAINING INSTITUTE AIMS TO TRANSFORM BOTH THE VOCATIONAL SKILLING ECOSYSTEM AS WELL AS THE ENTREPRENEURSHIP EDUCATOR COMMUNITY BY RUNNING HIGH IMPACT FACULTY DEVELOPMENT AND MENTOR DEVELOPMENT PROGRAMS. THESE PROGRAMS ARE RUN ON A BLENDED-LEARNING MODE, AND EACH FACULTY RECEIVES APPROPRIATE CERTIFICATION BASED ON THEIR PERFORMANCE IN THIS EXTENSIVE 180-DAY PERIOD. THE FOUNDATION DID NOT INCUR ANY EXPENSES RELATED TO THIS ACTIVITY FOR THE 2022 TAX YEAR.
SDN: THE SKILLS DEVELOPMENT NETWORK PROGRAM BUILDS INDIA'S CAPACITY FOR HIGHER EDUCATION IN COURSES OF STUDY THAT EMPHASIZE BUILDING CORE SKILLS NECESSARY TO ENTER THE JOB MARKET. THE FOUNDATION, IN COLLABORATION WITH CENTRAL AND STATE GOVERNMENTS, DEVELOPS POST-SECONDARY CURRICULUM AND COURSE OFFERINGS CONSISTENT WITH SKILLS DEVELOPMENT. THE FOUNDATION HAS DEVELOPED A PLATFORM SO THAT COURSE OFFERINGS ARE AVAILABLE ONLINE. THE FOUNDATION DID NOT INCUR ANY EXPENSES RELATED TO THIS ACTIVITY FOR THE 2022 TAX YEAR.
WF GLOBAL EXPANSION IS A DISTINCT PROGRAM OF THE FOUNDATION. THE PROGRAM IS A LAUNCH-PAD FOR ALL OF WF'S REPLICABLE INITIATIVES WITH A GOAL OF MULTIPLYING THE FOUNDATION'S IMPACT ACROSS EMERGING ECONOMIES. THE COUNTRIES AND REGIONS THAT WERE EXPLORED ARE SOUTH AFRICA AND LATIN AMERICA. TO REACH RAPID SCALE THROUGH STRONG ON THE GROUND PARTNERSHIPS FOR EXECUTION AND FINANCIAL RESOURCES. GLOBAL STARTED OUTREACH IN BOTH SOUTH AFRICA AND LATIN AMERICA AND HAD GOOD RESPONSE FROM ACADEMIA, GOVERNMENTS AND ENTREPRENEUR ECO-SYSTEM PLAYERS. GLOBAL TEAM WORKS CLOSELY WITH THE NEN EDUCATION, CONTENT AND ENTREPRENEUR SUPPORT TEAMS.
ECOSYSTEM: FOR EARLY AND GROWTH STAGE ENTREPRENEURS AND SMALL AND MEDIUM BUSINESS OWNERS, MENTORING PROGRAM OFFERS DEEP CONNECTS INTO THE GLOBAL ENTREPRENEUR ECOSYSTEM, HELPS ADDRESS KEY BUSINESS CHALLENGES AND ENABLES TRANSFORMATION FOR THE VENTURE. THE PROGRAM, A ZERO EQUITY AND ZERO FEE MODEL, FOCUSES ON PROVIDING GOAL-BASED, TIME-BOUND,AND STRUCTURED MENTORING. THE FOUNDATION DID NOT INCUR ANY EXPENSES RELATED TO THIS ACTIVITY FOR THE 2022 TAX YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Romesh T Wadhwani President/ceo/director | 0.5 | $0 | |
Kathleen E Wadhwani Secretary/director | 0.5 | $0 | |
Ajay Kela Executive Director | 40 | $475,000 | |
Heinlein Johannes Executive Vice Presi | 40 | $438,109 | |
Woody Mara Senior Director Part | 40 | $79,038 | |
Leah Nicole Moschella Senior Director Part | 40 | $80,192 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Andersen Tax Llc | 12/30/22 | $100,977 |
Cynthia Salicrup | 12/30/22 | $57,039 |
Mc Bolton | 12/30/22 | $50,524 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $69,765,278 |
| Interest on Savings | $773,841 |
| Dividends & Interest | $1,676 |
| Profit on Inventory Sales | $0 |
| Other Income | $50,296,063 |
| Total Revenue | $165,784,327 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $450,000 |
| Pension plans, employee benefits | $87,373 |
| Depreciation | $15,997 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $15,432,280 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $15,432,280 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,494,960 |
| Investments—mortgage loans | $0 |
| Investments—other | $399,523,751 |
| Other assets | $12,298,915 |
| Mortgages and other notes payable | $0 |
| Other liabilities | -$423,127 |